Invest Like The Best
Episode 209 The Future of Cities and Real Estate
Invest Like The Best

Episode 209: The Future of Cities and Real Estate

Invest Like The Best

Episode 209

The Future of Cities and Real Estate

Claire Cormier Thielke is the Managing Director of Asia Pacific for Hines. We cover how to use pattern recognition to unlock real alpha in real estate, the ingredients that make a city special, and the surprising ROI of public art.

This episode is sponsored by:

Canalyst. Canalyst is the leading destination for public company data and analysis. Learn more and try Canalyst for yourself at canalyst.com/patrick.

[00:03:01] – (First question) – Overview of her career and her passion for real estate

[00:05:32] – The impact of Jerry Hines on her life

[00:07:30] – Her theory of and what she thinks about cities

[00:09:47] – Cities rhyming with each other

[00:12:03] – How the highway act led to growth in cities

[00:13:31] – How cities compare around the world

[00:15:42] – Airplanes as time machines

[00:18:42] – Overview of a building project and how it differs from investing in equities

[00:23:15] – Rebuilding a city from scratch

[00:25:45] – Major real estate changes we’ll be seeing in the US

[00:28:30] – Real estate trends that fascinate her in Asia

[00:30:10] – Real estate plugging into other industries

[00:32:11] – Trends in Asia that could be ported to the US

[00:34:08] – Where to see the best of cities today (post-pandemic)

[00:37:28] – The ROI on public art

[00:38:33] – Her time in track and field

[00:41:59] – The concept of tomorrow time

[00:42:49] – Cultivated other part of her training

[00:45:07] – Her marathon on Mount Everest

[00:46:26] – Replicating the extreme performance piece of herself in a professional setting

[00:48:18] – Lessons from being a professor

[00:49:53] – Joining Zillow’s board – what she wants to bring and get

[00:52:17] – Her childhood and her parents, how that influenced her

[00:56:26] – How one person can be actionable

[01:00:32] – Kindest thing anyone has done for her

The Future of Cities and Real Estate

Introduction

Patrick
My guest today is Claire Cormier Thielke, managing director of Asia Pacific for Hines, the largest private real estate investment development and management firm in the world with over $144 billion in assets under management. Claire is responsible for acquisitions, development, and new business generation for Hines in Asia and was recently appointed to the board of Zillow. I was first introduced to Claire two years ago and have wanted to have her on the podcast ever since. Her personal story is also fascinating. Claire finished Stanford undergrad in two and a half years and now teaches there on the intersection of technology and real assets. She was a professional track and field athlete competing for USA track and field and she's run a marathon on Everest which we discussed. Aside from her personal story and some of her amazing achievements, in this episode, we dive into the world of real estate investing including how to use pattern recognition to unlock real alpha in real estate, the ingredients that make a city special, and the surprising ROI of public art. Please enjoy my conversation with Claire Cormier Thielke.

A Thumbnail Sketch of Claire's Life

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